GUTA, AGI disagree on reduction of import dutiesGUTA President, Dr Joseph ObengTwo key trade associations, the Ghana Union of Traders Association (GUTA) and Association of Ghana Industries (AGI) have locked horns over the reduction in benchmark value of import duties. Government announced recently that the benchmark value of import duties has been slashed by 50 percent, while that for vehicles alone has been reduced 30 per cent. However, AGI said the reduction can cripple local manufacturing industries. When manufacturers become traders to benefit from the import tariff reduction, the economy will suffer he said. He said, the AGI’s argument is flawed because the benchmark value reduction is not limited to finished goods only.

Source: GhanaWeb April 19, 2019 20:15 UTC